Iberia To Set Up Feeder Subsidiary
Click here for more news / Clique aqui para mais notícias
By Jens Flottau
![](http://www.aviationweek.com/media/images/ca_images/Airlines/Iberia-IBERIA.jpg)
Iberia yesterday announced massive changes to its business model in an effort to return to profitability, including creating a new subsidiary to feed traffic to Madrid.
The airline’s board of directors approved the strategic plan, which will be implemented by 2011. “The airline industry has never experienced such a dramatic situation,” Chief Operating Officer Rafael Sanchez-Lozano said. “It is essential for us to use imaginative means to transform Iberia into a sound and viable project.”...
![](http://images.aviationnewsrelease.com/Home/plus.gif)
![](http://images.aviationnewsrelease.com/Home/aviation_week.jpg)
![](http://images.aviationnewsrelease.com/Home/aviation_news_release_4.jpg)